IRS Highlights New Business Tax Account Features, FS-2024-27
The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]
Read MoreThe American Institute of CPAs is encouraging the Department of the Treasury and the Internal Revenue Service to simplify the tax code as part of its recommendations for what guidance should be given priority in the coming year.
In a May 9, 2023, letter to the IRS, the organization said that it “again encourages the Department of the Treasury and the Internal Revenue Service to continue pursuing tax simplification,” and offered a series of recommendations to help achieve that, including:
In addition to the guidelines for tax code simplification, AICPA offered its guidance recommendations across a range of topics. The letter containing the recommendations, along with other tax policy and advocacy comment letters issued by the organization, can be found here.
The IRS announced that it is continuing to expand the features within Business Tax Account (BTA), an online self-service tool […]
Read MoreThe IRS has issued a series of questions and answers for 401(k) and similar retirement plans that provide, or wish […]
Read MoreThe IRS Whistleblower Office has recognized the contributions of whistleblowers on the occasion of National Whistleblower Appreciation Day, which falls on July […]
Read MoreThe floating interest rate applicable to taxes administered by the Florida Department of Revenue on underpayments (deficiencies) and late payments […]
Read MoreThe IRS has issued a reminder that summer day camp expenses may be eligible for the Child and Dependent Care tax […]
Read MoreThe IRS has updated frequently asked questions (FAQs) to provide guidance related to the critical mineral and battery component requirements […]
Read MoreThe IRS has warned taxpayers not to fall for scams centered around the Fuel Tax Credit, the Sick and Family […]
Read MoreThe IRS has issued a cautionary alert to taxpayers about a new scam exploiting clean energy tax credits. This emerging […]
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